International Battery Metals Ltd (IBATF)

[le-bon ton-roule]

The perpetual residual value would be what 6% from Ensorcia + 10% of Ensorcia if I remember correctly. Math on 6% might be $36,000,000+ for IBAT, just based on carbonate? The unknown variable is Hydroxide tonnage at the plant.
Then what could happen with Piper Sandler in negotiations based off of these number.
I know there's a lot of royalties to Chile, RJR, Ensorcia...
It's not bad for the first operation and a foundation to negotiate at the table for the next contract or M&A, if the math is right?
Just looking for your input and everyone else's.Thanks